Iwan-gyu, Head of the Legislation Office, "Legal Support Including Improvement of Unreasonable Regulations for Small Business Owners"

Lee Wan-kyu, Commissioner of the Ministry of Government Legislation, said on the 29th, "Small business owners are the barometer of our economy, and the stabilization of their business activities is essential for our economy to regain vitality," adding, "We will spare no legal support, including providing legal information that helps small business owners' economic activities and improving unreasonable regulations that hinder their operations."

Commissioner Lee made these remarks while signing a Memorandum of Understanding (MOU) with the Korea Federation of Small and Medium Business on the same day. The signing ceremony held at the Korea Federation of Small and Medium Business in Yeongdeungpo-gu, Seoul, was attended by Commissioner Lee, Oh Se-hee, President of the Korea Federation of Small and Medium Business, and Lee Sang-baek, President of the Gyeonggi-do Federation of Small and Medium Business, among others.

Lee Wankyu, Commissioner of the Ministry of Government Legislation (fifth from the left), and Oh Sehee, President of the Korea Federation of Micro Enterprise (fourth from the left), along with other attendees, are posing for a commemorative photo after concluding a business agreement ceremony on the 29th at the Korea Federation of Micro Enterprise in Yeongdeungpo-gu, Seoul. Photo by the Ministry of Government Legislation

According to this MOU, the Korea Federation of Small and Medium Business and its 72 member companies will be able to directly check legal information related to small business owners on their own websites without accessing the National Law Information Center. In addition to providing legal information, the two organizations plan to continuously cooperate to share policies related to small business owners and promptly discover and revise laws and systems that hinder their economic activities.

President Oh said, "A significant portion of the difficulties small business owners face in their daily work can be reduced simply by revising laws and systems," adding, "We will actively cooperate with the Ministry of Government Legislation to identify issues that hinder small business owners' economic activities and cause excessive burdens, so that they can be promptly revised to reflect reality."